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Meta acquires stake in EssilorLuxottica

According to reports, the Facebook parent company, Meta Platforms Inc (Meta), is investing in the French eyewear group EssilorLuxottica. Bloomberg reported on Tuesday that the US company has acquired a stake of just under three percent for approximately three billion euros. The report follows the announcement of the investment plans a year ago....

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EssilorLuxottica's gambit: Can Supreme regain its edge?

In a surprising turn of events, eyewear behemoth EssilorLuxottica is set to acquire streetwear icon Supreme for 1.5 billion dollars, as VF Corp. retreats from its once-prized asset. This deal, coming at a substantial markdown from Supreme's previous valuation, signals a pivotal moment for the brand and the broader streetwear market. VF Corp. had...

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